judicial bond
Definition
Surety deposited ('posted') by a party to a lawsuit to indemnify the opposing judicial or governmental body party from any loss arising from delay or depravation caused by the legal proceedings. In general, all bonds required in judicial proceedings are called judicial bonds.
Popular 'Corporate, Commercial, & General Law' Terms
judicial bond in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/judicial-bond.html
